Lee Danner & Bass Inc. increased its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 11.8% during the 4th quarter, Holdings Channel reports. The firm owned 12,466 shares of the company’s stock after buying an additional 1,315 shares during the period. Lee Danner & Bass Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $3,327,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Prudential PLC boosted its stake in SPDR S&P 500 ETF Trust by 6,657.3% during the second quarter. Prudential PLC now owns 458,821 shares of the company’s stock worth $110,943,000 after buying an additional 452,031 shares during the period. Financial Enhancement Group LLC boosted its stake in SPDR S&P 500 ETF Trust by 42.9% during the second quarter. Financial Enhancement Group LLC now owns 7,379 shares of the company’s stock worth $1,784,000 after buying an additional 2,216 shares during the period. Cambria Investment Management L.P. purchased a new position in SPDR S&P 500 ETF Trust during the second quarter worth $7,940,000. Signet Financial Management LLC boosted its stake in SPDR S&P 500 ETF Trust by 163.1% during the second quarter. Signet Financial Management LLC now owns 5,860 shares of the company’s stock worth $1,417,000 after buying an additional 15,150 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new position in SPDR S&P 500 ETF Trust during the second quarter worth $575,000.
SPDR S&P 500 ETF Trust (SPY) opened at $273.11 on Friday. The company has a market cap of $275,350.00 and a price-to-earnings ratio of -187.06. SPDR S&P 500 ETF Trust has a one year low of $231.61 and a one year high of $286.63.
Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 price objective for the company.
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SPDR S&P 500 ETF Trust Profile
SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.
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